Black Iron: Funding, Investors & Team (Aug 2026)
Black Iron is a Canadian iron ore exploration and development company advancing its 100% owned Shymanivske Project located in Krivoy Rog, Ukraine, to production. This Shymanivske Project contains 345 million tonnes measured and indicated resources grading 32% iron and 469 million tonnes inferred resources grading 31% iron. The project is surrounded by five other operating mines including ArcelorMittal's iron ore complex. Existing infrastructure, including access to power, rail and port facilities, allows for a quick development timeline to production.
Black Iron has raised $1.7M across 1 funding round on record, the most recent an undisclosed round of $1.7M announced in Apr 2026.
That round is below the $2.2M median round size for Natural Resources companies tracked on FundedIQ over the last two years.
Black Iron Company Profile and Key Stats
Latest funding round on record: Apr 2026.
Black Iron Funding Rounds
Black Iron Founders and Leadership Team
No contact details are on record for this team yet.
Black Iron Funding Compared to Other Natural Resources Startups
Black Iron's latest round of $1.7M is below the median round in Natural Resources. Medians cover the last 24 months of disclosed rounds.
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Black Iron Funding FAQs
What does Black Iron do?
Black Iron is a Canadian iron ore exploration and development company advancing its 100% owned Shymanivske Project located in Krivoy Rog, Ukraine, to production. This Shymanivske Project contains 345 million tonnes measured and indicated resources grading 32% iron and 469 million tonnes inferred resources grading 31% iron. The project is surrounded by five other operating mines including ArcelorMittal's iron ore complex. Existing infrastructure, including access to power, rail and port facilities, allows for a quick development timeline to production.
How much funding has Black Iron raised?
Black Iron has raised $1.7M across 1 round on record. The most recent is an undisclosed round of $1.7M announced in Apr 2026.
When did Black Iron last raise funding?
Black Iron's most recent funding round on record is an undisclosed round of $1.7M, announced in Apr 2026.
Who founded Black Iron?
FundedIQ lists Chuck Phelps (Founder) at Black Iron.
Where is Black Iron headquartered?
Black Iron is based in Toronto, Ontario, Canada.
How many employees does Black Iron have?
Black Iron is in the 11-50 employee band.
How does Black Iron's funding compare to other Natural Resources startups?
Black Iron's latest round of $1.7M is below the $2.2M median round size for Natural Resources companies on FundedIQ across 620 tracked companies over the last two years.
About FundedIQ's Black Iron Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Black Iron is left off this page rather than filled in.
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